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Egyptians Wary Rushed Elections Spell Tougher Times Ahead
...ility to raise cash for repayments, with top credit agencies downgrading the outlook for Egyptian debt. The IMF expects debt to increase from 88.5% of GDP in 2022 to 92.7% this year. Meanwhile, cumulative Gulf aid to Egypt since 2011 is estimated to have exceeded $110bn. This includes the $22bn pl...
Volume: 66Issue: 43Published at Fri, 27 Oct 2023 -
Iran Eyes Imminent Petrochemicals Boost
...d is PGPIC’s only methanol project under construction, with locally manufactured “super heaters” installed in June. Hengam is set to produce 726,000 t/y of ammonia and 1.155mn t/y of urea and has been under construction since 2011 – 12 years and counting. The project suffered a setback when Sa...
Volume: 66Issue: 43Published at Fri, 27 Oct 2023 -
Israel Halts Tamar & EMG Flows As Fight With Hamas Continues
...thering output from 2011’s 3.5tcf Aphrodite discovery (MEES, 25 January 2013), other more recent Cyprus finds, and potentially Leviathan, which lies just 30km from Aphrodite, too. Cyprus’ current Energy Minister George Papanastasiou was quick to highlight Cyprus’ attractiveness during the ‘Cyprus Ga...
Volume: 66Issue: 41Published at Fri, 13 Oct 2023 -
Qatar Breaks Ground On Historic LNG Expansion Project
...mn t/y ceremony. Preparing to host the tournament was arguably the government’s key economic focus between 2011 and last year, and that focus has now shifted to the North Field Development. The North Field’s gas and NGLs (including condensate) alone routinely account for around 60% of Qatar’s total ex...
Volume: 66Issue: 40Published at Fri, 06 Oct 2023 -
Libya Gas Exports Slump To 12-Year Low As Domestic Use* Rises
...LIBYA'S 2023 GAS EXPORTS^ ARE RIVALLING 2022 FOR THE LOWEST FIGURE SINCE THE 2011 REVOLUTION... ...WITH VOLUMES FOR Q3 2023 FALLING WELL BELOW EVEN 2022 LEVELS (MN CFD) *NOC DATA IMPLY THAT CONSUMPTION HAS AVERAGED JUST OVER 1BN CFD SO FAR THIS YEAR, UP FROM 902MN CFD FO...
Volume: 66Issue: 40Published at Fri, 06 Oct 2023